Recently, I was kind of invited to visit a friend. I viewed that “invitation” as an option; not as my commitment. Later, I was called and reminded of that invitation. I told that I had viewed it as an option.
My friend told me that I was right about the invitation being an option (rather than a commitment) but added her/his disappointment. With hindsight, I wondered if (human) options leave us a – or no – choice?
Things are different in economics & finance as finance options are split between calls and puts (and many others).
“Call options provide the right to buy an asset at a specific price within a set time frame. Put options give the opposite right—to sell an asset at a specific price within a given period.”
Source: Investopedia
I suppose that the real (underlying) problem is self-interest versus expectations from others.
I do not need, want or believe in certain things, like fishing. Hence, in such circumstances I am not willing to compromise.
I do compromise in some other areas, despite their low priorities (for me), like birthdays and shopping. Expectations from others are relevant when not compromising will have a high risk and/or a low reward.
Hence, our individual risk appetite defines our level of compromise. Moreover, every choice in our lives is – ultimately – based on our risk management, either conscious or subconscious.
Many – or even most – humans do not like taking risks. Hence, we are quite eager to compromise and please others – at the expense of ourselves, our happiness, and/or our satisfaction.
No Choice (2020) by Tame Impala
artist, lyrics, video, Wiki-artist, Wiki-album+song
[Chorus]
It doesn’t matter if I want to go somewhere new
At the end of the day, I have no choice
It wouldn’t matter that I had to break it with you
Going over and over brings no joy
Note: all markings (bold, italic, underlining) by LO unless in quotes or stated otherwise.
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